Job Description
Procurement Strategy Development:
- Develop and implement procurement strategies that align with the company’s goals and project requirements.
- Analyze market trends, supplier capabilities, and cost structures to inform strategic sourcing decisions.
Supplier Management:
- Identify, evaluate, and select suppliers based on quality, cost, reliability, and delivery performance.
- Negotiate contracts, terms, and pricing with suppliers to secure favorable agreements.
- Maintain strong relationships with key suppliers, ensuring continuous improvement in performance and cost-effectiveness.
Cost Management & Optimization:
- Monitor and analyze procurement costs, identifying opportunities for cost savings and value optimization.
- Implement cost control measures and ensure adherence to budgetary guidelines.
- Support the finance department in budget planning and forecasting by providing accurate procurement cost data.
Compliance & Risk Management:
- Ensure all procurement activities comply with company policies, legal requirements, and industry regulations.
- Develop and enforce procurement policies, procedures, and guidelines to maintain high standards of compliance.
- Identify and mitigate procurement risks, including supplier risks, contract risks, and market fluctuations.
Process Improvement:
- Lead continuous improvement initiatives to enhance procurement processes, increase efficiency, and reduce cycle times.
- Implement best practices in procurement, leveraging technology and tools to streamline operations.
- Collaborate with other departments to identify and address bottlenecks in the procurement process.
Inventory & Supply Chain Coordination:
- Work closely with the logistics and inventory management teams to ensure timely delivery of goods and materials.
- Coordinate procurement activities with project timelines and production schedules to avoid delays.
- Manage inventory levels to balance cost with availability, reducing the risk of stockouts or overstocking.
Team Leadership & Development:
- Lead, mentor, and develop the procurement team, fostering a culture of excellence and continuous improvement.
- Oversee the recruitment, training, and performance evaluation of procurement staff.
- Promote collaboration and communication within the procurement team and across departments.
Reporting & Communication:
- Prepare and present regular reports on procurement performance, including key metrics, cost savings, and process improvements.
- Communicate procurement strategies, goals, and achievements to senior management and other stakeholders.
- Provide insights and recommendations to support strategic decision-making within the supply chain department.
